Haverford Trust Co Buys 177 Shares of EOG Resources, Inc. (NYSE:EOG)

Haverford Trust Co raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 7.8% in the third quarter, Holdings Channel reports. The fund owned 2,438 shares of the energy exploration company’s stock after acquiring an additional 177 shares during the period. Haverford Trust Co’s holdings in EOG Resources were worth $300,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in EOG Resources during the third quarter worth about $26,000. Riverview Trust Co bought a new stake in EOG Resources during the 2nd quarter worth approximately $27,000. MFA Wealth Advisors LLC acquired a new stake in EOG Resources during the 2nd quarter valued at $28,000. Eastern Bank bought a new position in EOG Resources in the 3rd quarter valued at $28,000. Finally, Gladius Capital Management LP bought a new stake in shares of EOG Resources during the second quarter worth $30,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Up 0.6 %

Shares of EOG Resources stock opened at $135.19 on Friday. The company has a market capitalization of $76.04 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 3.53 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The business has a 50-day moving average of $125.70 and a two-hundred day moving average of $125.98. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67.

EOG Resources declared that its Board of Directors has authorized a stock repurchase program on Thursday, November 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.975 per share. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a yield of 2.88%. The ex-dividend date is Friday, January 17th. EOG Resources’s dividend payout ratio (DPR) is 29.31%.

Insider Buying and Selling at EOG Resources

In related news, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now directly owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The trade was a 9.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The trade was a 12.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Evercore ISI reduced their price target on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, September 30th. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Piper Sandler lowered their price target on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. Morgan Stanley decreased their price objective on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Finally, Scotiabank cut their price target on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $142.20.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.